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CITY OF LINO LAKES, MINNESOTA <br />CONDENSED COMBINED STATEMENT OF REVENUE, EXPENSES AND <br />CHANGES IN RETAINED EARNINGS - PROPRIETARY FUND TYPE <br />For The Year Ended December 31, 1982 <br />Operating revenue: <br />Water sales <br />Sewer charges <br />Other operating revenue <br />Total operating revenue <br />Statement 4 <br />December 31, <br />1982 1981 <br />5,838 <br />21,404 <br />2,907 <br />30 ,149 <br />$ 4,525 <br />17,784 _ <br />2,467 <br />24,776 <br />Operating expenses: <br />Personal services 15,050 17,396 <br />Supplies 2,511 1,241 <br />Contractual services 2,554 99 <br />Repair and maintenance 9,828 5,427 <br />MWCC sewer charges 14,625 12,149 <br />Depreciation 21,156 19,509 <br />Utilities 1,814 1,953 <br />Other 273 405 <br />Total operating expenses 67,811 58,179 <br />Operating (loss) (37,662) (33,403) <br />Non - operating revenue: <br />Maintenance agreement - MWCC <br />Interest on investments <br />Total non - operating revenue <br />Other increases: <br />Credit arising from transfer of depreciation to <br />contributions from property owners <br />Net (loss) to retained earnings <br />Retained earnings - January 1 <br />Retained earnings - December 31 <br />14,295 <br />14,295 <br />8,300 <br />551 <br />8,851 <br />20,976 19,360 <br />(2,391) (5,192) <br />9,478 14,670 <br />$ 7,087 $ 9,478 <br />The accompanying notes are an integral part of these financial statements. <br />